Samsung Group

Samsung shareholders welcome stock price gains, rue scandals

Shareholders of Samsung Electronics praised the company Friday for big gains in its share price while lamenting its involvement in a massive corruption scandal that brought the arrest of the company's de facto leader.

Kwon Oh-hyun, Samsung's chief executive, told an annual shareholders meeting the scandal was regrettable, but the company did nothing illegal.

Five Samsung executives, including its vice chairman and founding family heir apparent Lee Jae-yong, have been indicted on bribery and other charges.

The scandal resulted in the impeachment of President Park Geun-hye earlier this month.

Calls to reform Samsung and other conglomerates are gaining momentum...

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